Walmart Inc. $WMT Shares Acquired by ZEGA Investments LLC

Key Points

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ZEGA Investments LLC grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 91.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,415 shares of the retailer's stock after acquiring an additional 10,737 shares during the period. ZEGA Investments LLC's holdings in Walmart were worth $1,968,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Operose Advisors LLC raised its position in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. raised its position in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter worth about $35,000. Finally, Lipe & Dalton raised its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Mizuho reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Tigress Financial increased their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Walmart presently has an average rating of "Buy" and a consensus price target of $109.89.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,334 shares of company stock worth $13,526,350. Company insiders own 0.10% of the company's stock.

Walmart Stock Performance

NYSE:WMT opened at $100.65 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $803.23 billion, a P/E ratio of 43.01, a PEG ratio of 4.80 and a beta of 0.66. The company has a 50 day moving average price of $97.67 and a 200 day moving average price of $95.58. Walmart Inc. has a fifty-two week low of $73.34 and a fifty-two week high of $105.30.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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